CALGARY, Aug. 14 /CNW/ - The Alberta Securities Commission (ASC) has
extended an Interim Cease Trade Order against Global 8 Environmental
Technologies, Inc. The Interim Cease Trade Order remains in effect until a
hearing into this matter is concluded and a decision is rendered, or until
otherwise ordered by the ASC.
The ASC originally issued an Interim Cease Trade Order on July 30, 2009
after an ASC panel heard evidence from ASC staff that Global 8 Environmental
Technologies engaged in an illegal distribution of Global 8 Environmental
Technologies securities and failed to meet mandatory deadlines for filing its
exempt distribution reports.
The Interim Cease Trade Order prohibits all trading in Global 8
Environmental Technologies securities, orders Global 8 Environmental
Technologies to cease trading in all securities and denies the company the use
of any Alberta securities laws exemptions.
Copies of the Interim Cease Trade Order, Extension Order and the Notice
of Hearing can be found at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted with fostering a fair and
efficient capital market in Alberta and protecting investors. As a member of
the Canadian Securities Administrators, the ASC works to improve, coordinate
and harmonize the regulation of Canada's capital.
For further information:
For further information: For Media Inquiries: Mark Dickey, Senior
Communications Advisor, (403) 297-4481; For Investor Inquiries: ASC Public
Inquiries, Toll Free 1-877-355-4488